Updated

Updated · Bloomberg · Jun 8

Schroders Overweights Italian 10-Year Bonds, Cuts $1 Trillion Firm's US and German Debt Exposure

Updated

Updated · Bloomberg · Jun 8

Schroders Overweights Italian 10-Year Bonds, Cuts $1 Trillion Firm's US and German Debt Exposure

1 articles · Updated · Bloomberg · Jun 8

Schroders has built a significantly overweight position in Italian 10-year government bonds in recent weeks, shifting money out of US Treasuries and German debt.
Dorian Carrell, head of multi-asset income at the £814 billion asset manager, said Italy looks more attractive because it has already absorbed the budget and political strains now unsettling investors elsewhere.
That view sets Italian debt against bonds from the biggest European economies and the US, where fresh political and fiscal turbulence is driving the firm's allocation changes.

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Is Italy, a nation known for turmoil, now a safer bet for investors than the United States?

As investors flee U.S. bonds, is the era of American financial dominance officially over?

With its 'privilege' gone, are U.S. Treasuries no longer the world's ultimate safe-haven asset?

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